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I. Introductions
II. Approval of the Minutes – June 12, 2024
III. Investment Subcommittee
A. Presentation and Discussion of the 2nd Quarter Performance Report
1. Complete Version of 2nd Quarter Performance Report
B. Discussion and Potential Vote on:
1. School and Special Fund (SSF) Calculation Rate Update
C. Investment Guideline & Investment Manager Benchmark
1. Liquidity & Reserve Manager Due Diligence Memo
2. Endowment Manager Due Diligence Memo
D. Endowment Accounts Discussion
E. Discussion on PFM Update – Client Consent for Registered Investment Advisor Unification
IV. Banking Subcommittee
A. Local Banking Projects Discussion and Update
B. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion
1. Fiserv Migration Project Update
2. PCI-DSS Compliance Project Update
3. Digital Government Project Update
C. Contracts Extensions Discussion
1. JPMorgan Contract Discussion and Update
2. Govolution Contract Amendment Discussion and Vote
3. Electronic Payment Consulting Services (PCI Consultant) Contract Discussion and Potential Vote
V. Other Matters of the Subcommittee
VI. Public Comment
VII. Executive Session None scheduled
VIII. Next Meeting
A. The next full Board meeting is scheduled for December 5, 2024
B. The next Investment Subcommittee meeting is scheduled for November 6, 2024
C. The next Banking Subcommittee meeting is scheduled for November 13, 2024
IX. Adjournment
I. Introductions
II. Approval of the Minutes – May 8, 2024
III. Local Banking Projects Discussion and Update
IV. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion
A. Fiserv Migration Project Update
B. PCI-DSS Compliance Project Update
C. Digital Government Project Update
V. Contracts Extensions Discussion
A. JPMorgan Contract Discussion and Update
B. Govolution Contract Amendment Discussion and Vote
C. Electronic Payment Consulting Services (PCI Consultant) Contract Discussion and Potential Vote
VI. Other Matters of the Subcommittee
VII. Public Comment
VIII. Executive Session
A. None Scheduled
IX. Next Meeting
A. The next full Board meeting is scheduled for September 11, 2024 – Buena Vista
B. The next Banking Subcommittee meeting is scheduled for November 13, 2024
X. Adjournment
I. Introductions
II. Approval of the Minutes – May 1, 2024
III. Presentation and Discussion of the 2nd Quarter Performance Report
IV. Discussion and Potential Vote on:
A. School and Special Fund Calculation Rate
B. Investment Guidelines Changes
C. Investment Manager Benchmark
1. Liquidity & Reserve Manager Due Diligence Memo
2. Endowment Manager Due Diligence Memo
V. Endowment Accounts Discussion and Potential Vote
VI. Discussion on PFM Update – Client Consent for Registered Investment Advisor Unification
VII. Other Matters of the Subcommittee
VIII. Public Comment
IX. Executive Session
A. None scheduled
X. Next Meeting
A. The next full Board meeting is scheduled for September 11, 2024 – Buena Vista
B. The next Investment Subcommittee meeting is scheduled for November 6, 2024
XI. Adjournment
II. Approval of the Minutes – March 13, 2024
III. Discussion and Vote Regarding Resolution 2024-2 Adopting Certain Governance Policies
IV. Investment Subcommittee Report
A. Presentation and Discussion of the 2024 1st Quarter Investment Performance Report
B. ARPA Fund Update
V. Banking Subcommittee Report
A. Local Banking Project Discussion
B. Merchant Services and Payment Card Industry Data Security Standards(“PCI-DSS”) Compliance Discussion
1. Fiserv Migration Project Update
2. Digital Government Project Update
3. PCI-DSS Compliance Project Update and Potential Vote
C. Contract Extensions Discussion
1. JP Morgan Discussion
2. Govolution Contract Amendment Discussion and Potential Vote
3. Electronic Payment Consulting Services (PCI Consultant) RFP Tentative Timeline Discussion
VI. Other Matters of the Board
VII. Public Comment
VIII. Executive Session
A. None scheduled.
IX. Next Meetings
A. The next full Board meeting is scheduled for August 29, 2024
1. In-person, at Buena Vista
B. The next Investment Subcommittee meeting is scheduled for August 7, 2024
C. The next Banking Subcommittee meeting is scheduled for August 14, 2024
X. Adjournment
1. Introductions
2. Approval of the Minutes – February 14, 2024
3. Local Banking Project Discussion
4. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion
A. Fiserv Migration Project Update
B. Digital Government Project Update
C. PCI-DSS Compliance Project Update
V. Contract Extensions Discussion
A. JP Morgan Discussion
B. Govolution Contract Amendment Discussion and Potential Vote
C. Electronic Payment Consulting Services (PCI Consultant) RFP Tentative Timeline Discussion
VI. Other Matters of the Subcommittee
VII. Public Comment
VIII. Executive Session – None Scheduled
IX. Next Meetings
A. The Code of Conduct (Ethics) training will commence at the conclusion of the Banking Subcommittee meeting on May 8, 2024
B. The next full Board meeting is scheduled for June 12, 2024
C. The next Banking Subcommittee meeting is scheduled for August 14, 2024
XI. Adjournment
I. Introductions
II. Approval of the Minutes – November 1, 2023 revised and February 7, 2024
III. Presentation and Discussion of the 1st Quarter Performance Report
IV. NEPC Benchmark Criteria Discussion and Potential Vote
V. ARPA Fund Update
VI. Other Matters of the Subcommittee
VII. Public Comment
VIII. Executive Session – None scheduled
IX. Next Meetings
A. The next Banking Subcommittee meeting and State Code of Conduct (Ethics) Training is scheduled for May 8, 2024
1. The Ethics Training will begin at the conclusion of the Banking Subcommittee meeting. This is for all Investment Subcommittee, Banking Subcommittee, full Board Members, and associated proxies.
B. The next full Board meeting is scheduled for June 12, 2024 – Buena Vista
C. The next Investment Subcommittee meeting is scheduled for August 7, 2024
X. Adjournment
II. Approval of the Minutes 12-13-23
III. Resolution Establishing Subcommittee Charters Discussion and Potential Vote
IV. Investment Subcommittee Report
A. NEPC Performance Report
1. Presentation and Discussion of the 2023 4th Quarter Investment Performance Analysis
B. Election of Vice Chair Discussion and Potential Vote
C. ARPA Fund Update
D. Vanguard Group, Inc. Assignment Discussion and Potential Vote
V. Banking Subcommittee Report
A. Election of Vice Chair Discussion and Potential Vote
B. Division of Small Business Update
C. Delaware State University and JP Morgan Discussion
D. Adult Use Cannabis Retailers Update
E. General and Local Banking Projects Discussion
1. General Project Update
2. Local Banking Project Update
3. Local Banking Accounts Discussion
F. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion
1. Fiserv Migration Project Update
2. PCI-DSS Compliance Project Update
3. Digital Government Project Update
VI. Electronic Payment Consulting Services (PCI Consultant) RFP Discussion and Potential Vote
VII. 2024 Calendar Dates
VIII. Other Matters of the Board
IX. Public Comment
X. Executive Session
A. None scheduled
XI. Next Meetings
A. The next full Board meeting is scheduled for June 12, 2024
1. This meeting will be held at Buena Vista
B. The next Investment Subcommittee meeting is scheduled for May 1, 2024
C. The next Banking Subcommittee meeting is scheduled for May 8, 2024
1. The State Code of Conduct (Ethics) Training will begin at the conclusion of the Banking Subcommittee
XII. Adjournment
I. Introductions
II. Approval of the Minutes – November 8, 2023
III. Resolution Establishing Banking Subcommittee Charter Discussion and Potential Vote
IV. Election of Vice Chair Discussion and Potential Vote
V. General and Local Banking Projects Discussion
A. General and Local Banking Project Update
B. Local Banking Project Update
C. Local Banking Accounts Discussion
VI. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion
A. Fiserv Migration Project Update
B. PCI-DSS Compliance Project Update
C. Digital Government Project Update
VII. Electronic Payment Consulting Services (PCI Consultant) RFP Discussion and Potential Vote
VIII. Other Matters of the Subcommittee
IX. Public Comment
X. Executive Session – None Scheduled
XI. Next Meeting
A. The next full Board meeting is scheduled for March 13, 2024
B. The next Banking Subcommittee meeting is scheduled for May 8, 2024
XII. Adjournment
I. Introductions
II. Approval of the Minutes – November 1, 2023
III. Resolution Establishing Subcommittee Charters Discussion and Potential Vote
IV. Election of Vice Chair Discussion and Potential Vote
V. ARPA Fund Update
VI. Vanguard Group, Inc. Assignment Discussion and Potential Vote
VII. Other Matters of the Subcommittee
VIII. Public Comment
IX. Executive Session
A. None scheduled
X. Next Meeting
A. The next full Board meeting is scheduled for March 13, 2024
B. The next Investment Subcommittee meeting is scheduled for May 1, 2024
XI. Adjournment
II. Approval of the Minutes – September 6, 2023
III. Resolution Establishing Subcommittee Charters Discussion
IV. Resolution Establishing Governance Discussion
V. Investment Subcommittee Report
A. NEPC Performance Report
1. Presentation and Discussion of the 2023 3rd Quarter Investment Performance Analysis
B. Rainy Day and Budget Stabilization Memos Discussion and Vote
C. Investment Guideline Changes Discussion
D. Resolution No. 2023- [2] Further Amending Investment Architecture for the State’s Cash Accounts Discussion and Vote
E. ARPA Fund Update
VI. Banking Subcommittee Report
A. General and Local Banking Projects Discussion and Vote
B. General Banking Project Update
C. Local Banking Project Update and Vote
D. Outside Bank Accounts Discussion
1. Legacy Accounts
2. Local Banking Accounts
3. Delaware Capital Access Program (“DCAP”) Exception Discussion
E. Banking Contract Extensions Discussion and Vote
1. CampusGuard Contract Extension and Vote
2. Govolution Contract Extension Discussion and Vote
3. US Bank Contract Extension Discussion and Vote
F. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion
1. Fiserv Migration Project Update
2. PCI-DSS Compliance Project Update
3. Digital Government Project Update
VII. Annual Report
VIII. Review of 2024 & 2025 Calendar Dates
IX. Other Matters of the Board
X. Public Comment
XI. Executive Session
A. None scheduled
XII. Next Meetings
A. The next full Board meeting is scheduled for March 13, 2024.
B. The next Investment Subcommittee meeting is scheduled for February 7, 2024.
C. The next Banking Subcommittee meeting is scheduled for February 14, 2024.
XIII. Adjournment
I. Introductions
II. Approval of the Minutes – August 9, 2023
III. Resolution Establishing Banking Subcommittee Charter Discussion and Vote
IV. General and Local Banking Projects Discussion and Vote
A. General Banking Project Update
B. Local Banking Project Update and Vote
V. Outside Bank Accounts Discussion and Potential Vote
A. Legacy Accounts
B. Local Banking Accounts
VI. Delaware Capital Access Program Exception Discussion and Potential Vote
VII. Banking Contract Extensions Discussion and Vote
A. CampusGuard Contract Extension and Vote
B. Govolution Contract Extension Discussion and Vote
C. US Bank Contract Extension Discussion and Vote
VIII. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion
A. Fiserv Migration Project Update
B. PCI-DSS Compliance Project Update
C. Digital Government Project Update
IX. Other Matters of the Subcommittee
X. Public Comment
XI. Executive Session – None Scheduled
XII. Next Meeting
A. The next full Board meeting is scheduled for December 14, 2023
B. The next Banking Subcommittee meeting is scheduled for February 14, 2024
XIII. Adjournment
I. Introductions
II. Approval of the Minutes – August 2, 2023
III. Investment Architecture Allocation Discussion and Potential Vote
IV. Resolution Establishing Subcommittee Charters Discussion and Vote
V. Rainy Day and Budget Stabilization Memos Discussion and Potential Vote
VI. Regarding Recommendation for Investment Guideline Changes Discussion and Potential Vote
VII. ARPA Fund Update
VIII. Other Matters of the Subcommittee
IX. Public Comment
X. Executive Session
A. None scheduled
XI. Next Meeting
A. The next full Board meeting is scheduled for December 13, 2023
B. The next Investment Subcommittee meeting is scheduled for February 7, 2024
XII. Adjournment
I. Introductions
II. Approval of the Minutes – June 7, 2023
III. Investment Subcommittee Report
A. NEPC Performance Report
1. Presentation and Discussion of the 2023 2nd Quarter Investment Performance Analysis
B. 2023 Liquidity & Reserve Manager Due Diligence Meetings Discussion
C. Architecture Allocation Discussion
D. Discussion and Potential Vote Regarding Documentation of Allocation Changes
E. Liquidity & Reserve Managers Contract Extension Discussion and Vote
F. American Rescue Plan Act (ARPA) Fund Update
IV. Banking Subcommittee Report
A. General and Local Banking Projects Discussion and Vote
B. General Banking Project Update
C. Local Banking Project Update
D. Local Banking Contract Extensions Discussion and Vote
E. Merchant Services and Payment Card Industry Data Security Standards (“PCI-DSS”) Compliance Discussion
F. Fiserv Migration Project Update
G. PCI-DSS Compliance Project Update
H. Digital Government Project Update
V. Other Matters of the Board
VI. Public Comment
VII. Executive Session
A. None scheduled
VIII. Next Meetings
A. The next full Board meeting is scheduled for December 14, 2023.
B. The next Investment Subcommittee meeting is scheduled for November 1, 2023.
C. The next Banking Subcommittee meeting is scheduled for November 8, 2023.
IX. Adjournment
I. Introductions
II. Approval of the Minutes – February 8, 2023
III. Investment Subcommittee Report
A. NEPC Performance Report
1. Presentation and discussion of the 2023 1st Quarter Investment Performance Analysis
B. School and Special Fund Rate Calculation (SSF) Discussion and Update
C. Architecture Allocation Discussion and Vote
D. Cares Act Fund Discussion and Update
E. American Rescue Plan Act (ARPA) Fund Discussion and Update
IV. Banking Subcommittee Report
A. General Banking Discussion
B. Local Banking Project Update
C. Merchant Services Discussion and Vote
1. Fiserv Migration Project Update
2. PCI Compliance Project Update
3. Digital Government Project Update
4. Govolution Extension Discussion and Vote
V. Recognition of Service and New Members
VI. Other Matters of the Board
VII. Public Comment
VIII. Executive Session – None scheduled
IX. Next Meetings
A. The next full Board meeting is scheduled for September 6, 2023.
B. The next Investment Subcommittee meeting is scheduled for August 2, 2023.
C. The next Banking Subcommittee meeting is scheduled for August 9, 2023.
X. Adjournment
I. Introductions
II. Approval of the Minutes – January 25, 2023
III. General Banking Project Discussion
IV. Local Banking Project Discussion & Vote
A. Capital School District “CSD” DelOne Student Banking Contract Discission and Vote
B. Local Banking Project Update
V. Merchant Services Discussion and Vote
A. Fiserv Migration Project Update
B. PCI Compliance Project Update
C. Digital Government Project Update
D. Govolution Extension Discussion and Vote
VI. Other Matters of the Subcommittee
VII. Public Comment
VIII. Executive Session
IX. Next Meeting
X. Adjournment
I. Introductions
II. Approval of the Minutes – January 18, 2023
III. School and Special Fund Rate Calculation (SSF) Discussion and Potential Vote
IV. Architecture Allocation Discussion and Vote
V. Cares Act Fund Discussion and Update
VI. American Rescue Plan Act (ARPA) Fund Discussion and Update
VII. Other Matters of the Subcommittee
VIII. Public Comment
IX. Executive Session
X. Next Meeting
XI. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – December 14, 2022
III. Banking Subcommittee Report
A. General Banking Discussion
B. Merchant Services Discussion and Vote – PCI DSS Compliance
IV. Investment Subcommittee Report
B. Investment Architecture Allocation Discussion and Vote
V. June 2023 Board Meeting – In Person
VI. Updated 2023 CMPB Calendar Dates
VII. Change from Simbli and Adobe Sign for Meeting Minutes
VIII. Other Matters of the Board
IX. Public Comment
X. Executive Session
XI. Next Meeting
XII. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – November 9, 2022
III. General Banking Discussion
IV. Merchant Services Discussion
A. PCI DSS Compliance Project Update and Vote
V. Other Matters of the Subcommittee
VI. Public Comment
VII. Executive Session
VIII. Next Meeting
IX. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – November 2, 2022
III. Proposed Investment Architecture Review For the State’s Cash Accounts Discussion and Vote
IV. Other Matters of the Subcommittee
V. Public Comment
VI. Executive Session
VII. Next Meeting
VII. Adjournment
AGENDA
I. Introductions – OST Organizational Chart
II. Approval of the Minutes – September 7, 2022
III. NEPC Performance Report
A. Presentation and Discussion of the 2022 3rd Quarter Investment Performance Analysis
IV. Investment Subcommittee Report
V. Banking Subcommittee Report
A. Merchant Services Project Discussion and Vote
1. PCI Compliance Presentation and Vote
2. CampusGuard Contract Update
B. Digital Government Update
C. Bank of America “BOA” Contract Update and Vote
VI. Review of 2023 Calendar Dates
VII. Annual Report
VIII. Other Matters of the Board
IX. Public Comment
X. Executive Session
XI. Next Meeting
XII. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – August 10, 2022
III. General Banking Discussion
IV. Local Banking Discussion
A. Contract extension for PNC Bank Update
V. Merchant Services Discussion
A. PCI Compliance update
B. CampusGuard Contract Update
C. Digital Government Update
D. Bank of America “BOA” Contract Update and Vote
VI. Other Matters of the Subcommittee
VII. Public Comment
VIII. Executive Session
IX. Next Meeting
X. Adjournment
AGENDA
I. Call to Order
II. Architecture Allocation Review, Discussion, and Vote
III. Next Meeting
IV. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – August 3, 2022
III. Proposed Investment Architecture Review for the State’s Cash Accounts Discussion and Vote
IV. Other Matters of the Subcommittee
V. Public Comment
VI. Executive Session
VII. Next Meeting
VIII. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – June 1, 2022
III. NEPC Performance Report
A. Presentation and Discussion of the2022 2nd Quarter Investment Performance Report
B. Analysis of the Architecture Allocation Discussion and Vote
IV. Investment Subcommittee Report
A. Investment Manager Contract Extensions – Discussion and Vote
V. Banking Subcommittee Report
A. Local Banking Services Project Discussion and Vote
1. Contract extension for PNC Bank – Vote
B. Merchant Services Project Discussion and Vote
1. PCI Compliance
2. CampusGuard Contract – Vote
C. Digital Government Update
VI. Other Matters of the Board
VII. Public Comment
VIII. Executive Session
IX. Next Meeting
X. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – May 11, 2022
III. Local Banking Discussion
A. Contract Extension for PNC Bank
IV. Merchant Services Discussion and Vote
A. PCI Compliance update
B. CampusGuard Contract
C. Digital Government RFP
V. Other Matters of the Subcommittee
VI. Public Comment
VII. Executive Session
VIII. Next Meeting
IX. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – May 4, 2022
III. Proposed Investment Architecture Review for the State’s Cash Accounts Discussion and Vote
IV. Investment Management Services Discussion and Vote
V. Other Matters of the Subcommittee
VI. Public Comment
VII. Executive Session
VIII. Next Meeting
IX. Adjournment
AGENDA
I. Introductions – OST Organizational Chart
II. Approval of the Minutes – March 9, 2022
IV. Investment Subcommittee Report
A. School and Special Fund Rate Calculation Presentation and Vote
V. Banking Subcommittee Report
A. General Banking Services Project Update
1. JP Morgan Chase – General Banking
2. JP Morgan Chase Contractual Discussion and Vote
B. US Bank – ReliaCard Prepaid Card (RC) Contract Amendment Update
C. Local Banking Services Update
D. Merchant Services Project Discussion
1. PCI Compliance Update
2. Digital Government Update
E. House Bills 371 and 372 – Delaware Marijuana Control Act Discussion
VI. Other Matters of the Board
VII. Public Comment
VIII. Executive Session
IX. Next Meeting
X. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – February 9, 2022
III. Banking Services Project Discussion
A. JP Morgan Chase – General Banking
B. US Bank – ReliaCard Prepaid Reliacard Contract Amendment
IV. Local Banking Discussion
V. Merchant Services Discussion
A. PCI Compliance update
B. Digital Government RFP
VI. Other Matters of the Subcommittee
VII. Public Comment
VIII. Executive Session
IX. Next Meeting
X. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – February 2, 2022
III. School and Special Fund Rate Calculation Discussion and Potential Vote
IV. Cares Act Fund Discussion
V. American Rescue Plan Act (ARPA) Discussion
VI. Other Matters of the Subcommittee
VII. Public Comment
VIII. Executive Session
IX. Next Meeting
X. Adjournment
AGENDA
I. Introductions – OST Organizational Chart
II. Approval of the Minutes – December 1, 2021
III. NEPC Performance Report
A. Presentation and Discussion of the 2021 4th Quarter Investment Performance Analysis
B. Russia-Ukraine Market Update
IV. Investment Subcommittee Report
A. Investment Custodian Contractual Update
B. Investment Guidelines Change Update
C. Wilmington Trust IM Contract Assignment Request Discussion and Vote
D. Resolution No. 2022-1 Further Amending Investment Architecture for the State’s Cash Accounts
V. Banking Subcommittee Report
A. General Banking Services Project Update
1. JP Morgan Chase
2. US Bank – ReliaCard Prepaid Card (RC) Discussion and Vote
B. Local Banking Services Update
C. Merchant Services Project Update
1. PCI Compliance
2. Digital Government
D. House Bill 305- The Delaware Marijuana Control Act Discussion
VI. Other Matters of the Board
VII. Public Comment
VIII. Executive Session
IX. Next Meetings
X. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – November 10, 2021
III. General Banking Services Discussion and Vote
A. JP Morgan Chase – General Banking
B. MOTION to approve the first two-year term extension for US Bank ReliaCard contract
IV. Local Banking Discussion
V. Merchant Services Discussion
A. PCI Compliance
B. Digital Government RFP
VI. Other Matters of the Subcommittee
VII. Public Comment
VIII. Executive Session
IX. Next Meeting
X. Adjournment
AGENDA
I. Introductions
II. Approval of the Minutes – November 3, 2021
III. Investment Custodian Contractual Discussion
IV. Investment Guidelines Change Discussion
V. Resolution No. 2022-1 Further Amending Investment Architecture for the State’s Cash Accounts
A. Discussion and vote on amended architecture (liquidity-versus-reserve allocation and placement of the Budget Stabilization Fund)
VI. Cares Act Fund Discussion
VII. Public Comment
VIII. Executive Session
IX. Next Meeting
X. Adjournment